IMMANUEL RETIREMENT COMMUNITIES INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$47,122,478
Program Services
93%
Investments
7%
Other
<1%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$52,972,741
Salaries & Benefits
52%
Offices, Occupancy & IT
16%
Depreciation
15%
Other
8%
Interest
4%
Fees to Service Providers
3%
Advertising & Promotion
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$110,000
$0
-100%
Fundraising Events
$0
$0
-
Program Services
$40,389,505
$44,022,315
+9%
Membership Dues
$0
$0
-
Investments
$2,821,743
$3,076,297
+9%
Other
$6,330,910
$23,866
-100%
Total Revenues
$49,652,158
$47,122,478
-5%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$25,161,904
$27,775,251
+10%
Fees to Service Providers
$1,786,886
$1,757,794
-2%
Advertising & Promotion
$495,099
$461,861
-7%
Offices, Occupancy & IT
$6,615,986
$8,451,787
+28%
Interest
$2,503,732
$1,969,049
-21%
Depreciation
$7,989,807
$8,068,670
+1%
Other
$3,695,173
$4,488,329
+21%
Total Expenses
$48,248,587
$52,972,741
+10%
Net income
2023
2024
Change
Net income
+$1,403,571
-$5,850,263
-517%
Functional Expenses
Summary
2023
2024
Change
Program
$43,927,985
$46,704,922
+6%
Admin
$4,320,602
$6,267,819
+45%
Fundraising
$0
$0
-
Total Expenses
$48,248,587
$52,972,741
+10%
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